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16 October 2024
Gelion plc
("Gelion"
or the "Company" or the "Group")
Energy Storage Integration
Solutions Business Launch with £1m commercial
order
Gelion (AIM: GELN), the
Anglo-Australian battery innovator, announces the launch of its
Energy Storage Integration Solutions business, with the award of
its first commercial order, expanding Gelion's charter to become an
end-to-end battery technology innovator and energy storage
company.
Highlights
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Secured its first commercial order
to supply battery energy storage systems (BESS) to Group Energy Pty
Ltd (part of the larger Borg Group), with ~£1m revenue and modest
margins expected to be recognised in the current financial year (H1
calendar year 2025).
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Potential for expansion across
further Borg Group sites in the future.
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Leverages Gelion's in-house
expertise in Battery Management systems (BMS) and BESS integration,
which are critical elements to bring battery technology to
commerciality.
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Establishment of route to market for
Gelion's next-generation battery technologies.
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Borg Group ~£1.0m order
Gelion's commercial order worth
~£1.0m was placed for two high-performance 1 MW/ 2 MWh lithium-ion
(high-performance and readily available third-party cells)
containerised BESS to be delivered to Australian company, Group
Energy, part of the larger Borg Group ("Borg").
Borg intends to use the BESS to help
achieve its sustainability goals, participate in the Australian
frequency response market, and conduct energy arbitrage and peak
shaving.
Gelion's proprietary battery
monitoring software will capture key BESS data to understand
critical performance and operational parameters in real-time
enabling proactive maintenance and maximisation of the BESS cycle
life for Borg.
Next-Generation Technologies Route to Market
To support the transition to
renewables, Gelion has established its Integration Solutions
business which will utilise and develop its existing capabilities
(that support its own battery chemistry developments) and commence
the commercial supply of BESS to its customers.
The Integration Solutions business
leverages the extensive knowledge, capability and experience of
Gelion's Engineering and Operations team which has a proven track
record of delivering over c.300 MWh successful BESS
projects.
Gelion will initially focus on the
Australian market, providing BESS with storage capacity between 100
kWh and 10 MWh. Targeted applications include:
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Commercial & Industrial - On-site battery systems to optimise energy costs, provide grid
stability services and protection against grid power
outages.
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Stand-Alone Power Systems - Off-grid solar PV and BESS for remote locations, providing
reliable power to sectors including telecommunications,
agriculture, mining, and defence.
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Reserve Power - Back-up power
solution for essential services including the telco
market.
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Gelion's vision is to expand its
integration capabilities, strengthen customer relationships, and
progressively introduce its proprietary battery technologies as
they reach commercialisation. This approach enables the Company to
deeply embed itself as a trusted supplier, gaining valuable
insights into customer needs and requirements. By customising its
own products to meet these specific demands, Gelion aims to
strengthen customer relationships and position itself as a
preferred partner. This strategy is expected to accelerate market
entry when its proprietary products are ready, while generating
revenue and margins that will help offset development costs,
further driving innovation and growth.
Integration Solutions business established
Gelion will initially integrate
high-performance third-party cells into the BESS, monitored by its
proprietary cloud-based battery monitoring software.
Industry analysts Wood Mackenzie
forecast the global energy storage market to grow by more than
600%[1] to 2033, with Australia ranking as
the fourth largest market. Australia's beneficial climate and vast
footprint has enabled renewable energy deployments to surge. The
recently announced Australian government funding and competitive
wholesale and frequency markets further underpin the energy storage
growth estimate.
Gelion CEO John Wood said:
"Our team at Gelion has end to
end experience in energy storage, from advanced cell chemistry,
through product and application integration to cloud-based
monitoring. We are structuring to build commercial success
while also sustaining and developing the customer facing expertise
that will help us introduce our own leading technologies. We
value the opportunity to provide this solution to Borg Group, an
Australian company deeply committed
to
sustainable practice and look forward to growing the Integration
business in conjunction with the development of our Li-S and Zinc
based battery technologies."
Borg Group Managing Director, John Borg
said: "We are excited to partner with Gelion, an
Australian energy storage innovator, to support our net-zero goals
and enhance our sustainable business practices across the Borg
Group. We are confident in the success of this project and look
forward to expanding these integrated solutions across additional
Borg locations in the future."
CONTACTS
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Gelion plc
John Wood, CEO
Amit Gupta, CFO
Thomas Maschmeyer, Founder and
Principal Technology Advisor
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via Alma
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Cavendish Capital Markets Limited
(Nominated Adviser and
Broker)
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+44 207 220
0500
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Corporate Finance
Neil McDonald
Seamus Fricker
Adam Rae
Sales
Louise Talbot
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Alma Strategic Communications (Financial PR Adviser)
Justine James
Hannah Campbell
Will Ellis Hancock
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+44 20 3405
0205
gelion@almastrategic.com
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About Gelion
Gelion ("gel: ion") is a global
energy storage innovator, supporting the transition to a more
sustainable economy by commercialising two globally important next
generation technologies: Lithium-Sulfur (LiS) and Zinc-based (Zn)
hybrid cells to electrify mobile and stationary applications.
Gelion plc (the Group) is listed on the London Stock Exchange's
Alternative Investment Market and wholly owns Australia based
Gelion Technologies Pty Ltd and UK based OXLiD Ltd. Gelion is
designing and delivering innovative battery technologies and
integrated systems solutions to enable that transition and return
value for its customers and investors.
Lithium Sulfur
Gelion's effort is directed at the
potential for the Li-S chemistry to deliver double the gravimetric
energy density of standard Lithium-ion chemistries whilst
concurrently reducing cost and increasing safety, targeting the EV
and e-aviation market, helping to make global transport, energy
consumption and storage more sustainable.
Gelion is developing a GEN 3 Lithium
Sulfur cell product for its high energy density sulfur cathode at
its expanded R&D facilities in Australia and UK, enabling it to
integrate with a variety of anodes ranging from graphite to silicon
to lithium metal, depending on the targeted application.
Gelion's GEN 3 cell is unlocking the
potential of sulfur batteries for a wide range of global mobile
applications including electrical vertical-take-off-and-landing
(eVTOL), drone markets, electric vehicles (EVs) and stationary
energy storage (ESS).
Advantages of Gelion's GEN 3 Lithium Sulfur
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High energy density - Energy density > 400 Wh/kg, when using a 10+ Ah
pouch cell.
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Semi-solid-state as a route to increased longevity/cycle
life: GEN 3 employs a
semi-solid-state mechanism, maintaining the sulfur-based cathode
materials in the cathode, preventing their diffusion into the
electrolyte and diminishing associated battery degradation caused
by reactive polysulfides. This approach mitigates the major
degradation factor associated with conventional Li-S
technology.
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Increased sulfur utilisation: GEN 3 demonstrates the full theoretical capacity of
sulfur, i.e. a much higher sulfur utilisation than found in
conventional Li-S approaches.
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Simplified supply chain: The innovative cathode is produced by mixing
commercially available materials with abundant sulfur using a
low-energy, room-temperature process, with potential to eliminate
the need for pre-fabrication of the sulfur composite (sulfur
composite is related to cathode active material in conventional
lithium-ion batteries), streamlining the associated supply chain
and production process and enabling localised
manufacturing.
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Environmental and economic benefits: The water-based, standard-atmosphere cathode production
process eliminates the need for toxic solvents, leading to
significant cost savings and enhanced manufacturability.
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Zinc
Gelion is adapting its zinc
technology to comprise an alternate cathode technology, a zinc
hybrid cell to develop complementary next-generation batteries for
the lead-acid eco-system. Early testing indicates that this
solution has the potential to maintain good energy density levels
with enhanced cost and safety aspects. Once fully developed, Gelion
intends for our zinc technology to provide a durable and
sustainable market extension within the ecosystem that supports
lead-acid batteries.
Recycling
Gelion is pioneering an innovative
battery recycling technology designed to enhance and supplement
current recycling methods. Our technology aims to significantly
reduce the initial costs of recycling plants, minimize waste, and
lower carbon emissions, while improving the purity of metal
products and enabling efficient lithium extraction. This
advancement will allow for a broader range of scrap materials to be
recycled. Currently in the feasibility stage, Gelion is committed
to advancing our technology to a pilot-scale demonstration, paving
the way for commercialisation through material production and IP
licensing.
Integration
Gelion leverages its significant
integration and BMS capability to deliver bespoke BESS for
Australian customers. These BESS are currently based on lithium-ion
technology and will also include Gelion's next-generation batteries
as these become available. Gelion will deploy BESS with our
proprietary cloud-based battery monitoring system, which will
provide real-time diagnostics and alerts to maximise performance
and return on investment for our customers